As you already know HTC is a long-standing blockchain enthusiast and is also interested in cryptocurrencies.
In our latest article, we looked at the HTC EXODUS 5G Hub, a router where you can run your own Bitcoin Full Node.
Obviously, however, HTC was not sleep and after month it brings us another big report on the launch of cryptocurrency mining on the HTC Exodus smartphone.
Mida Labs has created an application called DeMiner, which first of all took into account its high computing power and low power consumption. Mida Labs claims that the app is effective and especially for mining Monero (XMR).
App DeMiner is proud to be comparable to conventional desktop computers, in terms of its hash rate capability, and its power consumption is much lower. This makes it suitable for mobile devices.
Mida Labs claims to allow EXODUS 1S owners to mine an average of at least $ 0.0038 of XMR per day
The company said that this application will be available for download in Q2, 2020.
“Monero is an important and crucial experiment resisting the trend of centralized mining. It utilizes an algorithm called “Random X” that is suitable for CPU-based calculation. The use of this algorithm is actively fighting some of the centralizing forces that create the mining pools in Bitcoin.” said Phil Chen, Decentralized Chief Officer at HTC
Phil Chen sees no reason why cryptocurrency mining should be limited only to centralized farms
“Cryptocurrency mining should never be limited to centralized farms or giant miners. Mining on mobile or other personal devices perfectly meets the main spirit of blockchain, i.e., decentralization. Today, the most valuable cryptocurrencies are still based on proof of work. That is, mining is the indispensable part of these cryptocurrencies,” said Phil Chen, Decentralized Chief Officer at HTC
We are pleased with the growing interest in blockchain and cryptocurrencies from the most popular smartphone manufacturers such as HTC and Samsung, as confirmed by our latest articles that you can read.